MUMBAI - The market opened on a positive note Tuesday tracking a bounce in global indices. Banks and oil shares led the advances. At 10:05 am, the Bombay Stock Exchange's Sensex was up 233 points or 1.4 per cent at 16,864.33. The National Stock Exchange's Nifty was up 53 points or 1.3 per cent at 4920.1
Biggest Nifty gainers in early trade comprised ICICI Bank (up 3.5%), SAIL (3.33%), Satyam Computer (3.31%), Sterlite (3.14%), Punjab National Bank (2.93%) and VNSL (2.73%). Glaxo (down 1.2%), Ranbaxy Laboratories (0.98%), Sun Pharmaceuticals (0.73%), ITC (0.46%) and Ambuja Cements (0.13%) were the losers.
Asian shares were moderately higher Tuesday taking cues from the positive close in the US. However, investors were not completely convinced by the rebound. The Nikkei 225 was up 0.81 per cent, the Hang Seng added 1.93 and the Straits Times climbed 1.65 per cent.
US indices ended higher Monday as higher oil prices saw energy shares lead the rally. The Dow Jones Industrial Average rose 0.48 per cent, the Standard & Poor's 500 Index added 0.59 per cent and the Nasdaq Composite Index gained 0.66 per cent.
Biggest Nifty gainers in early trade comprised ICICI Bank (up 3.5%), SAIL (3.33%), Satyam Computer (3.31%), Sterlite (3.14%), Punjab National Bank (2.93%) and VNSL (2.73%). Glaxo (down 1.2%), Ranbaxy Laboratories (0.98%), Sun Pharmaceuticals (0.73%), ITC (0.46%) and Ambuja Cements (0.13%) were the losers.
Asian shares were moderately higher Tuesday taking cues from the positive close in the US. However, investors were not completely convinced by the rebound. The Nikkei 225 was up 0.81 per cent, the Hang Seng added 1.93 and the Straits Times climbed 1.65 per cent.
US indices ended higher Monday as higher oil prices saw energy shares lead the rally. The Dow Jones Industrial Average rose 0.48 per cent, the Standard & Poor's 500 Index added 0.59 per cent and the Nasdaq Composite Index gained 0.66 per cent.
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